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Going green is an effective way to save money and reduce your carbon footprint. Many homeowners are choosing to install solar fans to cool their home. If you’re considering this appliance, here’s more information about solar fans and the tax benefits you might qualify for.

How Do They Operate?

solar fanA solar panel is attached to the top of the fan. This component uses sunlight to power the motor. The motor turns the blades, circulating the cool air flowing into the home from the outside and moving hot air out of your house through vents and a turbine on the roof.

Working in tandem with the HVAC system, solar fans will effectively cool your home and reduce monthly utility bills. Cooling the space also prevents moisture build-up in your attic. Rooms with high moisture and humidity are vulnerable to mold growth.

What Types of Tax Credits Are Offered?

Purchasing and installing a solar fan allows you to qualify for a 30% federal tax credit with no cap. You can also earn a 35% state credit in Hawaii or $2,250 per system. The state of Hawaii also offers homeowners a $50-75 rebate, which will be paid through your local utility companies. If you’d like to enjoy these incentives, install solar fans as soon as possible because the deductions are lowered in 2020 and decline each year.

 

If you’re interested in installing solar fans before next tax season, turn to the skilled contractors at My Roofing in Kailua, HI. For over 35 years, this locally owned company has provided Oahu residents with quality roofing services, including installation, repairs, sealcoating, and inspections. Dedicated to customer satisfaction, they offer affordable prices and will ensure that the technicians working on your home are fully licensed and insured. Call (808) 352-7272 to request a free estimate, or learn more about their skylight repairs online.

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